Kiva Microfunds

Organization Overview

Kiva Microfunds is located in San Francisco, CA. The organization was established in 2006. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kiva Microfunds is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Kiva Microfunds generated $14.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $21.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

KIVA IS A NON-PROFIT ORGANIZATION WITH A MISSION TO EXPAND FINANCIAL ACCESS TO HELP UNDERSERVED COMMUNITIES THRIVE BY PROVIDING AN ONLINE PLATFORM THAT FACILITATES MICROLOANS GLOBALLY; BEING A DEVELOPER OF A BLOCKCHAIN BASED DIGITAL ID PLATFORM TO PROMOTE FINANCIAL INCLUSION; BEING A MANAGER OF IMPACT INVESTMENT FUNDS (AS AN EXEMPT REPORTING ADVISER).

Describe the Organization's Program Activity:

Part 3 - Line 4a

KIVA PARTNERS WITH OVER 295 GLOBAL MICROFINANCE INSTITUTIONS ("MFIS") AND OTHER SOCIALLY MINDED ORGANIZATIONS AND ENTERPRISES IN NINETY FOUR (94) COUNTRIES ACROSS THE GLOBE. THIS NETWORK OF PARTNERSHIPS ENABLES KIVA TO CONNECT WITH BORROWERS SEEKING MICRO-LOANS. KIVA'S PARTNER ORGANIZATIONS ARE RESPONSIBLE FOR SELECTING AND VETTING THE BORROWERS AND ADMINISTRATING THE LOANS. KIVA'S ONLINE PLATFORM CONNECTS THESE BORROWERS WITH OVER 1.7 MILLION INDIVIDUALS TO DATE WHO WANT TO CONTRIBUTE LOAN FUNDS VIA THE INTERNET.IN 2012, KIVA INITIATED MORE CONCERTED WORK ON A PILOT PROGRAM (FORMERLY "KIVA ZIP" NOW RENAMED "KIVA US"), DESIGNED TO TEST THE FEASIBILITY OF FACILITATING MICROFINANCE LOANS FROM KIVA USERS MOREDIRECTLY TO KIVA BORROWERS VIA A SEPARATE WEBSITE URL (ZIP.KIVA.ORG). IN 2016, THE KIVA US WEBSITE WAS INTEGRATED INTO THE MAIN KIVA.ORG WEBSITE.KIVA CREATED KIVA- DAF, LLC ("KDAF") IN 2013 TO HOLD DONOR ADVISED FUND ACCOUNTS, KIVA IMPACT FUNDS LLC ("KIF") IN 2016 TO FACILITATE MICROLOANS MADE WITH CAPITAL FROM OPIC.KIVA CAPITAL MANAGEMENT WAS CREATED IN 2019 TO BE A MANAGER OF IMPACT INVESTMENT FUNDS (AS AN EXEMPT REPORTING ADVISOR), SUCH AS KIVA REFUGEE INVESTMENT FUND LLC.CALIFORNIA REBUILDING FUND LLC (CASE B-SPV LLC, CASE G-SPV) AND SMALL BUSINESS RESILIENCE FUND LLC WERE INITIATED IN 2020 TO PROVIDE SUPPORT TO SMALL BUSINESSES IMPACTED BY COVID-19 IN CALIFORNIA AND INTERNATIONAL LOCATIONS.JURNUS LLC WAS CREATED IN LATE 2020 TO HOUSE OUR BLOCKCHAIN-RELATED WORK WITH DIEM IN SUPPORT OF GLOBAL FINANCIAL INCLUSION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Carlos Taylor
Finance And Accounting Support
$232,600
Merthin Technologies Llc
Kiva Protocol Implementation - Sierra Le
$173,267
Shujaa Consulting Llc
Salesforce Consultant
$155,338
Julie Hanna
Board Of Director Advisory Services
$144,000
Revel Brand And Marketing Strategy
Brand And Marketing Strategies
$200,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$13,996,171
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$13,996,171
Total Program Service Revenue$0
Investment income $779,772
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$16,600
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,808,996

Grants Awarded

Over the last fiscal year, Kiva Microfunds has awarded $38,000 in support to 3 organizations.

Grant RecipientAmount

SOLAR AND ENERGY LOAN FUND (SELF)

Org PageRecipient Profile

Ft Pierce, FL

PURPOSE: MICROFINANCE PROGRAM.

$37,150

San Diego, CA

PURPOSE: MICROFINANCE PROGRAM.

$500

San Antonio, TX

PURPOSE: MICROFINANCE PROGRAM.

$350
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Kiva Microfunds has recieved totaling $10,000.

Awarding OrganizationAmount
Sms Foundation Inc

Madison, WI

PURPOSE: CONNECTING PEOPLE THROUGH MICROLENDING TO ALLEVIATE POVERTY

$10,000
View Grant Recipient Profile

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